Bear in mind that the fiscal treatment of the two options in Mexico is different (withholding tax on the gross income with the fideicomiso vs cost deductions with the corporation).

Renovation loans can be a fantastic tool when you're ready to explore your options.

.- Suggest you try to network with other landlords in your area, check MeetUp app and others.Your other option is to hire an attorney, but understand you will have to pay them for your ignorance.

If you go to the Lease Agreement Forms for your state here: https://get.biggerpockets.com/forms/index/, at checkout, it will give you the option to Upgrade to “Become a Pro annual member for $213 more!

Here’s a quick overview of potential pros and cons, along with general advice on working with hard money lenders like them.Pros:Flexible Financing Options: Rehab Financial Group often specializes in real estate investing and provides hard money loans for BRRRR deals, which may be a good match for your needs.Quick Funding: Hard money lenders like Rehab Financial can sometimes offer quicker access to funds compared to traditional banks, which is important for BRRRR investors looking to move fast on properties.Cons:Higher Interest Rates: Hard money lenders usually charge higher interest rates than traditional financing sources.

Just trying to see what is the best option. 

Don't be so quick to indebt your paid off townhome until your learn creative financing and review all your options.

I know that the regulations in Beverly Hills is "friendlier" to landlords than Los Angeles and I'm exploring the option to convert a multifamily apartment into condos. 

Out of all of those real estate strategies, for me, the best strategy has been single-family homes that I sell on lease options.

Quote from @Patricia Steiner: There are several lenders who offer low/no closing cost options for first time homebuyers.